Posted
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BeauHDon Thursday March 15, 2018 @03:00AM
from the bottomless-pit dept.

Zorro shares a report from Bloomberg that details Amazon's rapid growth in the last three years: Amazon makes no sense. It's the most befuddling, illogically sprawling, and -- to a growing sea of competitors -- flat-out terrifying company in the world. It sells soap and produces televised soap operas. It sells complex computing horsepower to the U.S. government and will dispatch a courier to deliver cold medicine on Christmas Eve. It's the third-most-valuable company on Earth, with smaller annual profits than Southwest Airlines Co., which as of this writing ranks 426th. Chief Executive Officer Jeff Bezos is the world's richest person, his fortune built on labor conditions that critics say resemble a Dickens novel with robots, yet he has enough mainstream appeal to play himself in a Super Bowl commercial. Amazon was born in cyberspace, but it occupies warehouses, grocery stores, and other physical real estate equivalent to 90 Empire State Buildings, with a little left over. The company has grown so large and difficult to comprehend that it's worth taking stock of why and how it's left corporate America so thoroughly freaked out. Executives at the biggest U.S. companies mentioned Amazon thousands of times during investor calls last year, according to transcripts -- more than President Trump and almost as often as taxes. Other companies become verbs because of their products: to Google or to Xerox. Amazon became a verb because of the damage it can inflict on other companies. To be Amazoned means to have your business crushed because the company got into your industry. And fear of being Amazoned has become such a defining feature of commerce, it's easy to forget the phenomenon has arisen mostly in about three years.

Posted
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BeauHDon Wednesday March 14, 2018 @07:20PM
from the end-of-an-era dept.

Toy store chain Toys R Us is reportedly planning to sell or close all 800 of its U.S. stores(Warning: source may be paywalled; alternative source), affecting as many as 33,000 jobs as the company winds down its operations after six decades. The Washington Post reports: The news comes six months after the retailer filed for bankruptcy. The company has struggled to pay down nearly $8 billion in debt -- much of it dating back to a 2005 leveraged buyout -- and has had trouble finding a buyer. There were reports earlier this week that Toys R Us had stopped paying its suppliers, which include the country's largest toy makers. On Wednesday, the company announced it would close all 100 of its U.K. stores. In the United States, the company told employees closures would likely occur over time, and not all at once, according to the source, who spoke on the condition of anonymity because they were not authorized to discuss internal deliberations.

Posted
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BeauHDon Wednesday March 14, 2018 @01:20PM
from the long-time-coming dept.

An anonymous reader quotes a report from Engadget: The SEC has charged Theranos, Elizabeth Holmes and Ramesh "Sunny" Balwani with fraud relating to the startup's fundraising activities. The company, as well as CEO Holmes and former president Balwani are said to have raised more than $700 million from investors through "an elaborate, years-long fraud." This involved making "false statements about the company's technology, business and financial performance." In a statement, the commission said that the company, and its two executives, misled investors about the capability of its blood testing technology. Theranos' big selling point was that its hardware could scan for a number of diseases with just a small drop of blood. Unfortunately, the company was never able to demonstrate that its system worked as well as its creators claimed.

The company and Elizabeth Holmes have already agreed to settle the charges leveled against them by the SEC. Holmes will have to pay a $500,000 fine and return 18.9 million shares in Theranos that she owned, as well as downgrading her super-majority equity into common stock. The CEO is now barred from serving as the officer or director of a public company for 10 years. In addition, if Theranos is liquidated or acquired, Holmes cannot profit from her remaining shareholding unless $750 million is handed back to defrauded investors. Balwani, on the other hand, is facing a federal court case in the Northern District of California where the SEC will litigate its claims against him. Worth noting: the court still has to approve the deals between Holmes and Theranos, and neither party has admitted any wrongdoing.

Posted
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msmash
on Wednesday March 14, 2018 @10:45AM
from the closer-look dept.

When the American job market heats up, demand for technology talent boils, an anonymous reader writes citing a Bloomberg report. From the story: Nationally, the unemployment rate was 4.1 percent in January, and analysts project that it declined to 4 percent, the lowest since 2000, in Labor Department figures due Friday. For software developers, the unemployment rate was 1.9 percent in 2017, down from 4 percent in 2011. While companies are writing bigger checks, they are also adopting new strategies to find engineers for an economy where software is penetrating even mundane processes. Companies are focusing more on training, sourcing new talent through apprenticeships, and looking at atypical pools of candidates who have transferable skills.

"It is probably the most competitive market in the last 20 years that I have been doing this," said Desikan Madhavanur, chief development officer at Scottsdale, Arizona-based JDA Software, whose products help companies manage supply chains. "We have to compete better to get our fair share." What's happening in the market for software engineers may help illustrate why one of the tightest American labor markets in decades isn't leading to broader wage gains. While technology firms are looking at compensation, they are also finding ways to create the supply of workers themselves, which helps hold costs down.

Posted
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BeauHDon Wednesday March 14, 2018 @09:00AM
from the straight-to-the-source dept.

A new study shows how global climate change can have ripple effects at the local level. According to the research, extreme winter weather is two to four times more likely in the eastern U.S. when the Arctic is unusually warm. The Verge reports: Researchers analyzed a variety of atmospheric data in the Arctic, as well as how severe winter weather was in 12 cities across the U.S. from 1950 to 2016. Since 1990, as the Arctic has been warming up and losing ice, extreme cold snaps and heavy snow in the winter have been two to four times more frequent in the eastern U.S. and the Midwest, while in the western U.S., their frequency has decreased, according to a study published today in Nature Communications. The study, however, only shows there might be a correlation -- not a direct causal link -- between the warming Arctic and severe winters in the U.S. And it doesn't show how exactly the two are connected, so it doesn't really add much to what scientists already knew, according to several experts.

Today's study focuses on the Arctic as the main culprit for the extreme winter weather. Previousresearch has suggested that the warming Arctic may disrupt the polar vortex, a ring of swirling cold air circling the North Pole. Think of the polar vortex as a river, says study co-author Judah Cohen, a climatologist and director of seasonal forecasting at Atmospheric and Environmental Research. The fast flow of this river locks up the cold air over the Arctic. But as the Arctic warms -- especially in some areas like the Barents-Kara seas north of Europe and Russia -- a boulder springs up in this river, disrupting the polar vortex and allowing the freezing Arctic air to flow south, Cohen says.

Posted
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BeauHDon Wednesday March 14, 2018 @03:00AM
from the it's-a-bird-it's-a-plane-it's-Superman dept.

alaskana98 writes: CNN and other media outlets are reporting that the "To The Stars Academy of Arts and Science" group has released the third in a series of videos purportedly showing an encounter between Navy F/A-18 Super Hornet pilots and an object moving at seemingly impossible speeds off the East Coast of the United States. The video was captured by the Raytheon: Advanced Targeting Forward-Looking Infrared (ATFLIR) pod and includes audio of the pilots excitedly observing this object from far above as it zooms over the ocean surface. The ATFLIR system has trouble getting a lock on the object at first but then gets a lock on it eventually demonstrating that whatever this this was it wasn't a figment of the pilots imaginations. If the video is authentic there are indeed some strange things flying in our skies. The video can be viewed here.

Posted
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BeauHDon Tuesday March 13, 2018 @11:30PM
from the more-you-know dept.

According to the Village Voice, New York City's subway trains are running slower because the Metropolitan Transportation Authority (MTA) is deliberately running the trains slower. The Village Voice obtained MTA internal documents, discovering that the decision to run the trains slower was made following a fatal 1995 crash on the Williamsburg Bridge. From the report: The subway's performance has been steadily deteriorating for many years. The authority's own internal data shows that delays due to "incidents," such as broken signals and tracks or water damage, have only marginally increased since 2012. But there is one type of delay that's gotten exponentially worse during that time: a catchall category blandly titled "insufficient capacity, excess dwell, unknown," which captures every delay without an obvious cause. From January 2012 to December 2017, these delays increased by a whopping 1,190 percent -- from 105 per weekday to 1,355. In December, one out of every six trains run across the entire system experienced such a delay. The increase has been steady and uninterrupted over the past six years.
[...]
In 1995, a Manhattan-bound J train crossing the Williamsburg Bridge rear-ended an M train that was stopped on the bridge, killing the J train operator and injuring more than fifty passengers. The National Transportation and Safety Board investigation placed most of the blame on the J train operator, who the NTSB suspected had been asleep. But the NTSB also identified potential issues with the signal system that contributed to the accident, which it found didn't guarantee train operators enough time to apply the emergency brakes even when awake. "They slowed the trains down after the Williamsburg Bridge crash," a veteran train operator who asked not to be identified told the Village Voice. "The MTA said the train was going too fast for the signal system." As a result, the MTA, quite literally, slowed all the trains down, issuing a bulletin informing employees in April 1996 that their propulsion systems would be modified so they could achieve a maximum speed of 40 miles per hour, down from the previous high of 50 to 55 miles per hour on a flat grade. But the MTA didn't stop there, internal documents show. One of the NTSB's safety recommendations was to set speed limits. As a result, the MTA began a still-ongoing process of changing the way many signals work to meet modern safety standards.

Posted
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BeauHDon Tuesday March 13, 2018 @08:03PM
from the always-watching dept.

An anonymous reader quotes a report from The Wall Street Journal(Warning: source may be paywalled; alternative source):At Best Buy, returning too many items within a short time can hurt a person's score, as can returning high-theft items such as digital cameras. Every time shoppers returns purchases to Best Buy, they are tracked by a company which has the power to override the store's touted policy and refuse to refund their money. That is because the electronics giant is one of several chains that have hired a service called The Retail Equation to score customers' shopping behavior and impose limits on the amount of merchandise they can return. Stores have long used generous return guidelines to lure more customers, but such policies also invite abuse. Retailers estimate 11% of their sales are returned, and of those, 11% are likely fraudulent returns, according to a 2017 survey of 63 retailers by the National Retail Federation. Return fraud or abuse occurs when customers exploit the return process, such as requesting a refund for items they have used, stolen or bought somewhere else.

Amazon.com Inc. and other online players that have made it easy to return items have changed consumer expectations, adding pressure on brick-and-mortar chains. Some retailers monitor return fraud in-house, but Best Buy and others pay The Retail Equation to track and score each customer's return behavior for both in-store and online purchases. The service also works with Home Depot, J.C. Penney, Sephora and Victoria's Secret. Some retailers use the system only to assess returns made without a receipt. Best Buy uses The Retail Equation to assess all returns, even those made with a receipt.

Posted
by
msmash
on Tuesday March 13, 2018 @09:45AM
from the musical-chair dept.

An anonymous reader shares a AP report: President Donald Trump's choice to be the first female director of the CIA is a career spymaster who once ran an agency prison in Thailand where terror suspects were subjected to a harsh interrogation technique that the president has supported. Trump tweeted Tuesday that CIA Director Mike Pompeo will replace Rex Tillerson as secretary of state and that he has selected Gina Haspel to replace Pompeo. Haspel, the current deputy CIA director, also helped carry out an order that the agency destroy its waterboarding videos. That order prompted a lengthy Justice Department investigation that ended without charges. Haspel, who has extensive overseas experience, briefly ran a secret CIA prison where accused terrorists Abu Zubayadah and Abd al Rahim al-Nashiri were waterboarded in 2002, according to current and former U.S. intelligence officials, who spoke to The Associated Press on condition of anonymity.

Posted
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BeauHDon Tuesday March 13, 2018 @09:00AM
from the permission-granted dept.

An anonymous reader quotes a report from TorrentFreak: In 2011 and 2012, the U.S. Navy began using BS Contact Geo, a 3D virtual reality application developed by German company Bitmanagement. The Navy reportedly agreed to purchase licenses for use on 38 computers, but things began to escalate. While Bitmanagement was hopeful that it could sell additional licenses to the Navy, the software vendor soon discovered the U.S. Government had already installed it on 100,000 computers without extra compensation. In a Federal Claims Court complaint filed by Bitmanagement two years ago, that figure later increased to hundreds of thousands of computers. Because of the alleged infringement, Bitmanagement demanded damages totaling hundreds of millions of dollars. In the months that followed both parties conducted discovery and a few days ago the software company filed a motion for partial summary judgment, asking the court to rule that the U.S. Government is liable for copyright infringement. According to the software company, it's clear that the U.S. Government crossed a line. In its defense, the U.S. Government had argued that it bought concurrent-use licenses, which permitted the software to be installed across the Navy network. However, Bitmanagement argues that it is impossible as the reseller that sold the software was only authorized to sell PC licenses. In addition, the software company points out that the word "concurrent" doesn't appear in the contracts, nor was there any mention of mass installations. The full motion brings up a wide range of other arguments as well which, according to Bitmanagement, make it clear that the U.S. Government is liable for copyright infringement.

Posted
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BeauHDon Tuesday March 13, 2018 @03:00AM
from the don't-blink dept.

U.S. ride-sharing company Lyft says it passed $1 billion in revenue last year and that its revenue grew 168 percent year over year in the fourth quarter of 2017, almost three times faster than Uber's reported 61 percent growth. "Uber, of course, is still much larger than Lyft -- it generated a reported $7.5 billion in revenue last year and operates in many more cities and countries," notes Recode. "While its fourth-quarter growth may have been smaller than Lyft's percentage-wise, it was still almost certainly many times larger dollar-wise. Both companies are still unprofitable." From the report: But the big-picture reality is that despite Uber's head start, its early dominance, ability to raise massive amounts of financing, aggressive (often allegedly illegal) growth tactics, faster move into self-driving cars and everything else in its favor, it has not been able to destroy Lyft. Instead, Lyft capitalized somewhat on Uber's missteps and unsavory reputation, raised another $2 billion last year, gained market share, launched its first international market last year (Toronto) and seems poised to exist for the foreseeable future.

Posted
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BeauHDon Monday March 12, 2018 @07:30PM
from the thou-shalt-not-pass dept.

Bloomberg reports that President Donald Trump issued an executive order today blocking Broadcom from acquiring Qualcomm, "scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security grounds." From the report: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American firms by foreign investors. The decision to block the deal was unveiled just hours after Broadcom Chief Executive Officer Hock Tan met with security officials at the Pentagon in a last-ditch effort to salvage the transaction. "There is credible evidence that leads me to believe that Broadcom Ltd." by acquiring Qualcomm "might take action that threatens to impair the national security of the United States," Trump said in the order released Monday evening in Washington.

Posted
by
msmash
on Monday March 12, 2018 @02:55PM
from the yeah-no-mercy dept.

Yahoo has been ordered by a federal judge to face much of a lawsuit in the United States claiming that the personal information of all 3 billion users was compromised in a series of data breaches. From a report: In a decision on Friday night, U.S. District Judge Lucy Koh in San Jose, California rejected a bid by Verizon Communications, which bought Yahoo's Internet business last June, to dismiss many claims, including for negligence and breach of contract. Koh dismissed some other claims. She had previously denied Yahoo's bid to dismiss some unfair competition claims.

[...] The plaintiffs amended their complaint after Yahoo last October revealed that the 2013 breach affected all 3 billion users, tripling its earlier estimate. Koh said the amended complaint highlighted the importance of security in the plaintiffs' decision to use Yahoo. 'Plaintiffs' allegations are sufficient to show that they would have behaved differently had defendants disclosed the security weaknesses of the Yahoo Mail System," Koh wrote. She also said the plaintiffs could try to show that liability limits in Yahoo's terms of service were "unconscionable," given the allegations that Yahoo knew its security was deficient but did little.

Posted
by
msmash
on Monday March 12, 2018 @02:20PM
from the up-next dept.

After lagging behind other countries for years, commercial drones in the U.S. are expected to begin limited package deliveries within months, according to federal regulators and industry officials. [Editor's note: the link may be paywalled; an alternative source was not immediately available] From a report: The momentum partly stems from stepped-up White House pressure, prompting closer cooperation between the government and companies such as Amazon.com seeking authorizations for such fledgling businesses. The upshot, according to these officials, is newfound confidence by both sides that domestic package-delivery services finally appear on the verge of taking off. Earlier promises of progress turned out to be premature. The green light could be delayed again if proponents can't overcome nagging security concerns on the part of local or national law-enforcement agencies. Proposed projects also may end up stymied if Federal Aviation Administration managers don't find creative ways around legislative and regulatory restrictions such as those mandating pilot training for manned aircraft. But some proponents of delivery and other drone applications "think they might be ready to operate this summer," Jay Merkle, a senior FAA air-traffic control official, said during a break at an unmanned-aircraft conference in Baltimore last week that highlighted the agency's pro-business approach.

Posted
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EditorDavid
on Sunday March 11, 2018 @04:34AM
from the falling-backwards dept.

The New York Times notes an important caveat to Florida's recently-approved law observing daylight savings time year-round: it specifies that their change will only go into effect if "the United States Congress amends 15 U.S.C. s. 260a to authorize states to observe daylight saving time year-round."

"In other words: Even if the governor signs the bill, nothing will happen now... States can choose to exempt themselves from daylight saving time -- Arizona and Hawaii do -- but nothing in federal law allows them to exempt themselves from standard time." Meanwhile one California legislator exploring the idea of year-round standard time discovered that "youth sports leagues and families worried that a year-round early sunset would shut down their kids' after-school games." But the Times also acknowledges problems in the current system. "In parts of Maine, for example, between Thanksgiving and Christmas, the sun sets before 4 p.m. -- more than an hour earlier than it does in Detroit, at the other end of the Eastern time zone." So is there a better alternative?

Posted
by
EditorDavid
on Saturday March 10, 2018 @06:34PM
from the warrants-for-arrests dept.

An anonymous reader writes:
Florida police recount how close they were to aresting 25-year-old Tyler Barriss before his fake call to Kansas police led to a fatal shooting. "Panama City Beach police Lt. J.R. Talamantez told the Panama City News Herald that police had tied Barriss to about 30 other bomb threats," reports the Wichita Eagle -- a full month before another call led to the fatal shooting of a father of two in Kansas. But attempts to secure an arrest warrant may have been slowed by the lack of an address, since apparently Barriss "lived in a shelter in South Los Angeles. Police there found him in a local library."

A Florida newspaper reports that their local police department is now doing what they can to right the situation. "Lt. J.R. Talamantez, cyber crimes investigator with the Panama City Beach police, said the department currently has two felony warrants issued for Barris' arrest and is providing the U.S. Attorney's Office with information... Talamantez said the end goal is to identify all victims of Barriss' calls and bring him to justice on all those incidents... "We just want to send a message that this isn't going to end with a slap on the wrist. The victims will see an appropriate punishment."

Posted
by
EditorDavid
on Saturday March 10, 2018 @04:34PM
from the not-staying-neutral dept.

Here's the latest developments in the ongoing fight over net neutrality rules:

CNET reports that Democrats in the Senate "have been pushing to use the Congressional Review Act to roll back the FCC's repeal of net neutrality rules. They've gotten the support of 50 senators for the measure, including one Republican, Susan Collins of Maine. Sen. John Kennedy from Louisiana , who's been undecided in his support of the CRA bill, was being courted by Democrats as the tie-breaking vote to pass the measure in the Senate...

"On Wednesday, Kennedy introduced a piece of legislation that would ban companies like AT&T and Comcast from slowing down or blocking access to websites or internet services. But the bill wouldn't prevent these broadband and wireless companies from offering paid prioritization, which many critics fear could lead to so-called internet 'fast lanes.'"

The Associated Press reports that on Monday, Washington became the first state to set up its own net-neutrality requirements. But they add that governors in five states -- Hawaii, New Jersey, New York, Montana and Vermont -- "have signed executive orders related to net-neutrality issues, according to the National Conference of State Legislatures. Montana's order, for instance, bars telecommunications companies from receiving state contracts if they interfere with internet traffic or favor higher-paying sites or apps."

Posted
by
BeauHDon Saturday March 10, 2018 @03:00AM
from the sneak-attack dept.

Back in January, the FCC pulled permission from Silicon Valley startup Swarm Technologies to launch four satellites into space after what it says was an "apparent unauthorized launch." IEEE Spectrum reports that the unauthorized launch consisted of four experimental satellites that the FCC had decided were too small to be noticed in space -- and hence pose an unacceptable risk of collision -- but which the company may have launched anyway, using a rocket based in India. The federal regulator has since issued a letter to Swarm revoking its authorization for a follow-up mission to launch four new, larger versions of its "SpaceBee" satellites. From the report: Swarm was founded in 2016 by one engineer who developed a spacecraft concept for Google and another who sold his previous company to Apple. The SpaceBees were built as technology demonstrators for a new space-based Internet of Things communications network. Swarm believes its network could enable satellite communications for orders of magnitude less cost than existing options. It envisages the worldwide tracking of ships and cars, new agricultural technologies, and low cost connectivity for humanitarian efforts anywhere in the world. The four SpaceBees would be the first practical demonstration of Swarm's prototype hardware and cutting-edge algorithms, swapping data with ground stations for up to eight years.
[...]
The FCC told the startup that the agency would assess "the impact of the applicant's apparent unauthorized launch and operation of four satellites... on its qualifications to be a Commission licensee." If Swarm cannot convince the FCC otherwise, the startup could lose permission to build its revolutionary network before the wider world even knows the company exists. An unauthorized launch would also call into question the ability of secondary satellite "ride-share" companies and foreign launch providers to comply with U.S. space regulations.

Posted
by
BeauHDon Friday March 09, 2018 @11:30PM
from the deadly-riddle dept.

An anonymous reader quotes a report from Ars Technica: For the first time, researchers have discovered strains of a deadly, multidrug-resistant bacterium that uses a cryptic method to also evade colistin, an antibiotic used as a last-resort treatment. That's according to a study of U.S. patients published this week by Emory University researchers in the open-access microbiology journal mBio. The wily and dangerous bacteria involved are carbapenem-resistant Klebsiella pneumoniae or CRKP, which are already known to resist almost all antibiotics available, including other last-line antibiotics called carbapenems. The germs tend to lurk in clinical settings and can invade the urinary tract, bloodstream, and soft tissues. They're members of a notorious family of multidrug-resistant pathogens, called carbapenem-resistant Enterobacteriaceae (CRE), which collectively have mortality rates as high as 50 percent and have spread rapidly around the globe in recent years. A 2013 report by the Centers for Disease Control and Prevention estimated that there were more than 9,300 CRE infections in the U.S. each year, leading to 600 deaths. Both the CDC and the World Health Organization have listed CRE as one of the critical drug-resistant threats to public health, in need of "urgent and aggressive action."

In the new study, the Emory researchers discovered two strains of CRKP -- isolated from the urine of patients in Atlanta, Georgia -- that can also resist colistin. But they do so in a poorly understood, surreptitious way. At first, they appear vulnerable to the potent antibiotic in standard clinical tests, but with more advanced testing and exposure to the drug, they reveal that they can indeed survive it. In mice, the strains caused infections that couldn't be cured by colistin and the mice died of the infections. Mice infected with typical CRKP were all saved with colistin. So far, there's no evidence of CRKP infections surprisingly turning up resistant to colistin during treatment in patients. But the authors, led by microbiologist David Weiss, say that may be because the evidence is difficult to gather, and the data so far is cause for concern. The researchers concluded that the findings "serve to sound the alarm about a worrisome and under-appreciated phenomenon in CRKP infections and highlight the need for more sensitive and accurate diagnostics."

Posted
by
BeauHDon Friday March 09, 2018 @08:50PM
from the higher-and-higher dept.

The California High-Speed Rail Authority announced today that the cost of connecting Los Angeles to San Francisco would total $77.3 billion, an increase of $13 billion from estimates two years ago, and could potentially rise as high as $98.1 billion. They also said the earliest trains could operate on a partial system between San Jose and the farming town of Wasco would be 2029, five years later than the previous projection. Los Angeles Times reports: The disclosures are contained in a 114-page business plan that was issued in draft form by the rail authority and will be finalized this summer in a submission to the Legislature. The rail authority has wrestled with a more than $40-billion funding gap, which would increase sharply under the new cost estimates. The biggest immediate driver of the cost increase has been in the Central Valley, where the rail authority is building 119 miles of track between Wasco and Merced. The authority disclosed in early February that the cost of that work would jump to $10.6 billion from an original estimate of about $6 billion. Roy Hill, one of the senior consultants advising the state, told the rail authority board, "The worst-case scenario has happened." In its 2014 business plan, the rail authority optimistically projected that it could begin carrying passengers in just seven years. But the warning signs of uncontrolled cost growth had already started mounting then, even though until this year the rail authority has vehemently denied that it was facing a problem. The project began having trouble buying property for the route almost immediately after it issued its first construction contract in 2013.